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Sunday, 02 February 20
SUPRAMAX: A 52,000DWT SHIP WAS FIXED BASIS DELIVERY SOUTH KALIMANTAN TRIP TO INDIA, AT $6,000 - BALTIC BRIEFING
 Capesize
The week proved conspicuous for all the wrong reasons. This was the week when the Baltic Capesize Index (BCI) turned negative, closing at -20, whilst the average of the routes settled at $3,973. With the perennial Q1 weakness, Chinese New Year, the rapidly evolving coronavirus crisis and the rains and flooding in Brazil also weighed heavily on the values. Whilst it remains difficult to delineate between macro events and sentiment, the financial markets, which are due to reopen in China on Monday, may provide much-needed clarity. The North Atlantic was purportedly devoid of any firm interest on the C7 route. Further south, Alufer were rumoured to have covered a Kamsar bauxite cargo at approximately $15.85, basis 22 to 27 February. CCL were linked as owners, however this was not corroborated. The market was quick to extrapolate an equivalent C3, absent any reported fixtures on the route. A handful of fixtures were concluded for West Australia to China on Friday, with FMG reportedly taking the Navios Ray, (179,515dwt, 2012-built) basis 14/16 February, and the Alpha Confidence (176,320dwt, 2011- built) basis 15/17 February, both at $6.10. NYK were understood to have concluded $6.15 basis a non-index laycan of 5/14 February, although no vessel was attached.
Panamax
A disrupted week in the market with holidays in the East. The Atlantic continued to labour under the weight of available tonnage and rates here fell sharply throughout the week. Asia fared little better, with limited fresh enquiry. A dearth of period-fixing in recent weeks, but reports this week of an 82,000dwt ship achieving $11,200 for 14 to 16 months trading. Out of East Coast South America to Asia, a $13,500 plus $350,000 ballast bonus was concluded on an 82,000dwt ship at start of the week, but rates for the same trip had eroded to closer to $12,500 plus $250,000 ballast bonus by the weekend. Some limited action out of the Black Sea saw a 75,000dwt ship agree $19,000 for a trip to Singapore-Japan. With Asian holidays supressing activity there little was reported. However, a 75,000dwt ship agreed $3,800 for a North Pacific round-trip, whilst from Indonesia, $1,800 was concluded on an 80,000dwt ship for a trip to East Coast India.
Supramax/Ultramax
Another poor week for the Baltic Supramax Index (BSI) closing at 524, which is down 18 points from Monday. Period activity remained slow, but a 64,000dwt Ultramax was fixed from the US Gulf for six to eight months, trading for around $13,000. The Atlantic remained uneventful, with limited fresh enquiry from East Coast South America. From the Mediterranean, the market remained positional, with better numbers being paid for fronthaul trips. Owners remain reluctant to trade vessels to China. From the Continent there was a little enquiry at the beginning of the week, with a 63,500dwt ship fixing delivery Belfast, via France, to the Egyptian Mediterranean at $9,000. The Asian arena remained in the doldrums, prompted by a considerable supply of prompt tonnage and the extended holidays. A 52,000dwt ship was fixed basis delivery South Kalimantan trip to India, at $6,000. Further north, from CIS Pacific, a 53,000dwt ship fixed delivery Nakhodkha, and redelivery Singapore-Japan, in the mid $3,000s. The Indian Ocean fared little better, with a 58,000dwt ship fixing delivery Richards Bay, trip Djibouti, at $10,000.
Handysize
It has been a continuous drop since the beginning of the year on the Baltic Handysize Index (BHSI). Having started the year at 465, it closed last week at 332. Lower rates were reported across the Atlantic in key areas showing no sign of recovery. From Skaw-Passero, a mid-sized vessel was reportedly fixed for a trip to the Mediterranean at the level of $6,000, with some waiting on the owners account. A 37,000dwt ship delivery East Coast South America, was fixed for a trip to Southeast Asia in the mid $13,000s. In the East, brokers saw tonnage sitting spot, with little cargo support, whilst some chose to ballast from Singapore to South Africa for other alternatives. Limited fixture came to light from the Pacific basin this week.
Source: The Baltic Briefing
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Wednesday, 08 January 20
WHAT IS BIMCO THINKING ABOUT 2020? - BIMCO
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by ...
Wednesday, 08 January 20
VINACOMIN SETS TO SELL 49 MILLION TONNES OF COAL IN 2020 - VIETNAM NET
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020, a year-on-y ...
Wednesday, 08 January 20
CHINA'S COAL-RICH PROVINCE CUTS 18.95 MLN TONNES OF CAPACITY IN 2019 - XINHUA
North China’s Shanxi Province reduced its coal production capacity by 18.95 million tonnes by closing 18 coal mines in 2019.
A ...
Wednesday, 08 January 20
JANUARY INDONESIAN COAL PRICE REFERENCE SLIPS US$ 0.37 MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Tuesday, 07 January 20
CLEANER AIR IN 2020: 0.5% SULPHUR CAP FOR SHIPS ENTERS INTO FORCE WORLDWIDE - EUROPEAN COMMISSION
From 1 January 2020, the maximum sulphur content of marine fuels is reduced to 0.5% (down from 3.5%) globally – reducing air pollution and pr ...
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- Leighton Contractors Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
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